I can’t say I disagree with you Fens21. Once a market is manipulated technical analysis is irrelevant. The manipulators can draw any chart they want. You are just scratching the surface as to why the market isn’t fair though, a breach of s792 of the Corps Act (fair orderly and transparent market) and of the ASX’s own operating rules. Have a look at Kingsgate Consolidated as there is a thread “ASX on notice about manipulation of Kingsgate share price”. It’s a one-stop shop for the ASX and ASIC’s dirty laundry acquiescence to institutional white collar criminals.
https://hotcopper.com.au/threads/asx-is-on-notice-about-manipulation-of-kingsgate-share-price.7248356/
I don’t hold Fenix Resources, but if it’s being manipulated, chances are it’s drastically undervalued. Institutions don’t manipulate fairly valued stocks. Hence my buy/not held.
I can’t say I disagree with you Fens21. Once a market is...
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Last
37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $260.4M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 36.0¢ | $1.270M | 3.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 53759 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 447513 | 10 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |